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Full-Text Articles in Social and Behavioral Sciences
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
In the midst of continuing economic growth, we are seeing signs of a possible future slowdown in the Commonwealth’s economy. June’s Leading Economic Index for Massachusetts was down nearly a percentage point from its May level, and consumer confidence fell moderately in the same month. In the labor market, there is evidence that inflationary pressures may be building.
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
Nascent signs of imbalance are appearing in the Massachusetts economy. Wage rates and housing prices are beginning to rise at an unsustainable pace as a result of labor shortages and strong consumer demand. At the same time, the manufacturing sector continues to suffer from the economic crisis in Asia.
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
Even as we are experiencing the full effect of the Asian crises that began in the summer of 1997, the United States and Massachusetts economies are displaying a surprising robustness.
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Economic Currents: The State Of The State Economy, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
The state and national economies are now feeling the brunt of the global economic crisis. So far, the pattern of events in the Commonwealth has mirrored that of the nation. This is not surprising, since the source of the problem — the global slowdown and financial uncertainty — is an external shock that affects all the nation’s regions through international trade and financial markets.